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A revisit of pecking order theory versus trade-off theory: Evidence from Pakistan
Qureshi, Muhammad Azeem; Sheikh, Nadeem Ahmed; Khan, … - In: Pakistan Journal of Commerce and Social Sciences (PJCSS) 9 (2015) 2, pp. 344-356
(POT) or trade-off theory (TOT); better explains the corporate leverage behaviour in Pakistan. For this purpose, we use … listed on Karachi Stock Exchange Pakistan during 1972-2010 Our results indicate that leverage has two pervasive and … significant relationships. First, leverage is negatively related to current and past profitability. Second, leverage is positively …
Persistent link: https://www.econbiz.de/10011938459
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Does corporate governance reduce overinvestment? The mediating role of information asymmetry
Tahir, Samya; Qamar, Muhammad Ali Jibran; Nazir, Mian Sajid - In: Pakistan Journal of Commerce and Social Sciences (PJCSS) 13 (2019) 4, pp. 1068-1084
This study investigates the direct and indirect relationship between corporate governance and agency cost using bootstrap analysis. For a sample of 155 firms during 2009-2015, this study finds statistically significant both direct effect of corporate governance on agency cost of overinvestment,...
Persistent link: https://www.econbiz.de/10012168155
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The inter-relationship between initial profits, growth-focused firms and profit-focused firms: Evidence from KSE 100-index Pakistan
Jabeen, Maryam; Shah, Attaullah - In: Pakistan Journal of Commerce and Social Sciences (PJCSS) 7 (2013) 3, pp. 671-682
addition to initial profits the study also checked the impact of leverage, firm's size and age on profitable growth. Logistic … and leverage had no impact on profitable growth of the sampled firms. In comparison to growth-focused firms, profit …
Persistent link: https://www.econbiz.de/10011938378
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Do peer firms impact corporate investment policies?
Anwar, Muhammad Mudassar; Akhtar, Muhammad Ramazan - In: Pakistan Journal of Commerce and Social Sciences (PJCSS) 12 (2018) 1, pp. 363-378
utilized firm-specific characteristics as well as peer firm-specific characteristics mainly growth, leverage, market to book …
Persistent link: https://www.econbiz.de/10011938607
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Interrelationship among capital structure, corporate governance measures and firm value: Panel study from Pakistan
Javeed, Awais; ul Hassan, Masood; Azeem, Muhammad - In: Pakistan Journal of Commerce and Social Sciences (PJCSS) 8 (2014) 3, pp. 572-589
relationship i.e., impact of leverage on governance measures, this study found no significant affects. …
Persistent link: https://www.econbiz.de/10011938415
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Mediating and moderating role of financial signaling, information asymmetries of corporate governance in debt vs. equity and market value behavior
Akash, Rana Shahid Imdad; Abbas, Zaheer - In: Pakistan Journal of Commerce and Social Sciences (PJCSS) 9 (2015) 2, pp. 461-484
This particular study is regarded to the static trade off theory, pecking order theory, signaling theory and agency theory, life stage theory, transaction cost economics theory, market timing theory. This paper also estimates the results by an interactive structural equation modeling, depends on...
Persistent link: https://www.econbiz.de/10011938465
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Existence and prevalence of debt specialization strategy across organizations: A Pakistani perspective
Khan, Kanwal Iqbal; Qadeer, Faisal; John, Albert; … - In: Pakistan Journal of Commerce and Social Sciences (PJCSS) 10 (2016) 3, pp. 461-485
profitability, age, credit rating, size, leverage, growth, dividend payments, regulations and business group affiliation, we …
Persistent link: https://www.econbiz.de/10011938521
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Impact of ethical leadership on organizational cronyism through mediating role of ethical culture and moderating role of leader member exchange
Riaz, Adnan; u Zaman, Shams - In: Pakistan Journal of Commerce and Social Sciences (PJCSS) 12 (2018) 3, pp. 831-850
The purpose of this study is to develop a mediation model for understanding how ethical leadership influences organizational cronyism via ethical culture. This study further investigates the role of leader-member exchange in moderating the effects of ethical culture on organizational cronyism....
Persistent link: https://www.econbiz.de/10011984718
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Interplay among work engagement, cynicism, and turnover intentions: A structural equation modeling approach
Khan, Abid; Batool, Saima - In: Pakistan Journal of Commerce and Social Sciences (PJCSS) 12 (2018) 3, pp. 953-982
Work engagement has produced a lot of enthusiasm and significance in the research fields predominantly in organization behavior and now a day's generally utilized trend for organizational consultants. The main objective of this study was to find out the mediating role of work engagement between,...
Persistent link: https://www.econbiz.de/10011984724
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Influence of toxic leadership on turnover intention: The mediating role of psychological wellbeing and employee engagement
Naeem, Fizza; Khurram, Sobia - In: Pakistan Journal of Commerce and Social Sciences (PJCSS) 14 (2020) 3, pp. 682-713
The purpose of this study is to examine the presence of toxic leadership in banking sector of Pakistan with its … leadership in banking sector of Pakistan due to which turnover intention increases. Toxic leaders also seemed to have significant … various consequences in the banking sector of Pakistan. This study is the first to consider toxic leaders as an antecedent of …
Persistent link: https://www.econbiz.de/10012293219